0001166074-17-000001.txt : 20170322 0001166074-17-000001.hdr.sgml : 20170322 20170322154148 ACCESSION NUMBER: 0001166074-17-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170320 FILED AS OF DATE: 20170322 DATE AS OF CHANGE: 20170322 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HECLA MINING CO/DE/ CENTRAL INDEX KEY: 0000719413 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 770664171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6500 N MINERAL DRIVE SUITE 200 STREET 2: NONE CITY: COEUR D'ALENE STATE: ID ZIP: 83815-9408 BUSINESS PHONE: 2087694100 MAIL ADDRESS: STREET 1: 6500 N MINERAL DRIVE SUITE 200 STREET 2: NONE CITY: COEUR D'ALENE STATE: ID ZIP: 83815-9408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BAKER PHILLIPS S JR CENTRAL INDEX KEY: 0001166074 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08491 FILM NUMBER: 17706641 MAIL ADDRESS: STREET 1: 6500 NORTH MINERAL DRIVE STREET 2: SUITE 200 CITY: COEUR D 'ALENE STATE: ID ZIP: 83815 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2017-03-20 0 0000719413 HECLA MINING CO/DE/ HL 0001166074 BAKER PHILLIPS S JR 6500 NORTH MINERAL DRIVE SUITE 200 COEUR D 'ALENE ID 83815 1 1 0 0 President & CEO Common Stock 2017-03-20 4 M 0 276136 0 A 2935394 D Common Stock 2017-03-20 4 A 0 108789 0 A 3044183 D Common Stock 2017-03-20 4 J 0 16998 5.06 A 16998 I By 401(k) Plan Performance Rights 0 2017-03-20 4 M 0 151515 0 A 2016-12-31 2016-12-31 Common Stock 151515 318554 D See footnotes 4 and 5. Shares received upon settlement of performance rights awarded in June 2014. 25% of the 2016 Annual Incentive Plan and 2014-2016 Long-term Incentive Plan payments were paid in equity. Consists of 1,469,596 shares held directly, 1,273,834 shares held in the Key Employee Deferred Compensation Plan, and 300,753 unvested restricted stock units. On June 25, 2014, Mr. Baker was awarded performance rights. The performance rights represented a contingent right to receive between $250,000 and $1 million worth of Hecla Mining Company common stock based on Hecla's total shareholder return performance over the 3-year period relative to our peers using the average stock price of Hecla and our peers over the last 60 calendar days of 2013 compared to the average stock price of Hecla and our peers over the last 60 calendar days of 2016. The potential grant of shares to Mr. Baker under this plan were as follows: (1) 100th percentile rank among peers = maximum payout at 200% of target (i.e. $1 million worth of common stock); (2) 60th percentile rank among peers = target payout at grant value (i.e. $500,000 worth of common stock); or (3) 50th percentile rank among peers = threshold payout at 50% target (i.e. $250,000 worth of common stock). In reporting the number of performance rights at the time of the award, Mr. Baker assumed a target payout (i.e. $500,000 worth of common stock), with the common stock valued at the closing price on the day of the award ($3.30), and therefore reported an award of 151,515 rights. Based on Hecla Mining Company's total shareholder return ranking, Mr. Baker's award value was $911,250, and he therefore received 276,136 shares in settlement of award (with the shares valued at the $3.30 closing price on June 25, 2014). Consists of 318,554 outstanding performance rights. Held as 1,404.702 units in Mr. Baker's 401(k) account under Hecla Mining Company's Capital Accumulation Plan, and estimated to be 16,998 shares. Tami D. Whitman, Attorney-in-Fact for Phillips S. Baker, Jr. 2017-03-22